UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                   FORM 10-QSB

(Mark One)

[X]      Quarterly  Report Under Section 13 or 15(d) of the  Securities Exchange
         Act of 1934 For the  Quarterly  Period Ended June 30, 2003.

[  ]     Transition  Report Under Section 13 or 15(d) of the Securities Exchange
         Act of 1934


                         Commission File Number 0-22606



                      BRITTON & KOONTZ CAPITAL CORPORATION
        (Exact name of small business issuer as specified in its charter)


       Mississippi                                       64-0665423
(State of Incorporation)                 (I.R.S. Employer Identification Number)


                   500 Main Street, Natchez, Mississippi 39120
                    (Address of principal executive offices)


                                  601-445-5576
                           (Issuer's telephone number)



      State the number of shares  outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:


                       2,113,087 Shares of Common Stock,  Par Value $2.50,  were
outstanding as of August 1, 2003.




      Transitional Small Business Disclosure Format: Yes ______ No __X____




<PAGE>


                      BRITTON & KOONTZ CAPITAL CORPORATION
                                AND SUBSIDIARIES

                                      INDEX


PART I.     FINANCIAL INFORMATION


         Item 1.    Financial Statements


                  Consolidated Statements of Condition
                  Consolidated Statements of Income
                  Consolidated Statements of Changes in Stockholders' Equity
                  Consolidated Statements of Cash Flows
                  Notes to the Consolidated Financial Statements


         Item 2.  Management's  Discussion  and  Analysis of Financial Condition
                  and Results Operations

         Item 3.  Controls and Procedures



PART II.     OTHER INFORMATION


         Item 4.  Submission of Matters to a Vote of Security Holders


         Item 6.  Exhibits and Reports on Form 8-K



SIGNATURES



<PAGE>



PART I            FINANCIAL INFORMATION

         Item 1.  Financial Statements



<PAGE>

<TABLE>
<CAPTION>






                                  BRITTON & KOONTZ CAPITAL CORPORATION AND SUBSIDIARIES
                                     CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                                                 FOR THE PERIODS ENDED




                                                       A S S E T S


                                                                                        June 30,           December 31,
 ASSETS:                                                                                  2003                 2002
                                                                                  ------------------   ------------------
<S>                                                                               <C>                  <C>
 Cash and due from banks:
         Non-interest bearing                                                           $ 8,114,349          $ 8,914,638
         Interest bearing                                                                   409,172            2,562,236
                                                                                  ------------------   ------------------
                Total cash and due from banks                                             8,523,521           11,476,874

 Federal funds sold                                                                               -            3,560,000
 Investment Securities:
         Held-to-maturity (market value, in 2003 and 2002,
             of $45,404,348 and $34,305,172, respectively)                               43,087,171           33,147,883
         Available-for-sale (amortized cost, in 2003 and 2002,
             of $68,785,027 and $58,343,140, respectively)                               70,662,371           60,565,938
         Equity securities                                                                3,865,800            3,345,200
 Loans, less unearned income of $11,097 in 2003 and
             $14,782 in 2002, and allowance for loan losses of
             $2,270,924 in 2003 and $2,129,328 in 2002                                  192,305,091          178,268,969
 Loans held for sale                                                                     10,567,301            4,393,397
 Bank premises and equipment, net                                                         7,108,230            7,022,975
 Other real estate, net of accumulated reserve of $66,256                                 1,563,275            1,554,323
 Accrued interest receivable                                                              2,180,659            2,123,114
 Cash surrender value of life insurance                                                     888,255              900,550
 Deposit Premium                                                                          1,149,930            1,203,738
 Other assets                                                                             1,277,871            1,316,327
                                                                                  ------------------   ------------------

 TOTAL ASSETS                                                                          $343,179,476        $ 308,879,288
                                                                                  ==================   ==================

</TABLE>
<PAGE>

<TABLE>
<CAPTION>



                                          LIABILITIES AND STOCKHOLDERS' EQUITY


                                                                                        June 30,           December 31,
 LIABILITIES:                                                                             2003                 2002
                                                                                  -----------------    -----------------
<S>                                                                               <C>                  <C>
 Deposits
         Non-interest bearing                                                           $34,032,034          $33,843,654
         Interest bearing                                                               203,160,189          199,168,384
                                                                                  ------------------   ------------------
                Total deposits                                                          237,192,223          233,012,038

 Federal Home Loan Bank advances                                                         65,765,145           41,315,484
 Securities sold under repurchase agreements                                              2,340,000            2,141,790
 Accrued interest payable                                                                   944,358              956,438
 Advances from borrowers for taxes and insurance                                            214,626              326,242
 Accrued taxes and other liabilities                                                      1,784,030            1,797,823
 Trust Preferred Securities                                                               5,000,000                    -
                                                                                  ------------------   ------------------
                Total liabilities                                                       313,240,381          279,549,814
                                                                                  ------------------   ------------------

 COMMITMENTS AND CONTINGENCIES

 STOCKHOLDERS' EQUITY:
 Common stock - $2.50 par value per share;
         12,000,000 shares authorized; 2,127,587 and 2,113,087 issued
         and outstanding for June 30, 2003 and December 31, 2002,
         respectively                                                                     5,318,968            5,318,968
 Additional paid-in capital                                                               7,225,408            7,225,408
 Retained earnings                                                                       16,082,175           15,304,539
 Accumulated other comprehensive income                                                   1,569,920            1,737,934
                                                                                  ------------------   ------------------
                                                                                         30,196,470           29,586,849
 Cost of 14,500 shares of common stock held by the company                                 (257,375)            (257,375)
                                                                                  ------------------   ------------------
                Total stockholders' equity                                               29,939,095           29,329,474

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                            $343,179,476        $ 308,879,288
                                                                                  ==================   ==================


</TABLE>
<PAGE>

<TABLE>
<CAPTION>


              BRITTON & KOONTZ CAPITAL CORPORATION AND SUBSIDIARIES
                        CONSOLIDATED STATEMENTS OF INCOME

                                                                   Three Months Ended                 Six Months Ended
                                                                        June 30,                          June 30,
                                                            --------------------------------  --------------------------------

                                                                 2003             2002             2003             2002
                                                            ---------------  ---------------  ---------------  ---------------

 INTEREST INCOME:
<S>                                                         <C>              <C>              <C>              <C>
 Interest and fees on loans                                     $3,720,863       $3,694,531       $7,325,164       $7,487,549
 Interest on investment securities:
     Taxable interest income                                       887,374          881,570        1,785,355        1,773,132
     Exempt from federal taxes                                     401,715          402,135          811,324          803,216
 Interest on federal funds sold                                        560            1,760           10,034           13,074
                                                            ---------------  ---------------  ---------------  ---------------

 Total interest income                                           5,010,512        4,979,997        9,931,877       10,076,971
                                                            ---------------  ---------------  ---------------  ---------------

 INTEREST EXPENSE:

 Interest on deposits                                            1,031,819        1,273,038        2,097,688        2,676,054
 Interest on other borrowed funds                                  542,358          529,229        1,033,867        1,075,266
 Interest on securities sold under repurchase agreements             8,857           12,605           20,448           32,339
                                                            ---------------  ---------------  ---------------  ---------------

 Total interest expense                                          1,583,033        1,814,872        3,152,003        3,783,659
                                                            ---------------  ---------------  ---------------  ---------------

 NET INTEREST INCOME                                             3,427,479        3,165,124        6,779,874        6,293,311

 Provision for loan losses                                         135,000          193,000          270,000          328,000
                                                            ---------------  ---------------  ---------------  ---------------
 NET INTEREST INCOME AFTER PROVISION
 FOR LOAN LOSSES                                                 3,292,479        2,972,124        6,509,874        5,965,311
                                                            ---------------  ---------------  ---------------  ---------------


 OTHER INCOME:

 Service charges on deposit accounts                               329,988          315,475          648,655          610,862
 Income from fiduciary activities                                    8,698            9,852           23,103           23,203
 Insurance premiums and commissions                                   (239)           1,438             (178)           2,466
 Gain/(loss) on sale of ORE                                        (11,953)           7,710           (5,953)         (12,192)
 Gain/(loss) on sale of mortgage loans                             181,670           55,525          324,195          127,478
 Gain/(loss) on sale of other assets                                 1,354           (2,250)             (71)          (5,350)
 Equity investee gains/(losses)                                          -          (72,575)               -         (142,523)
 Other                                                             175,703          128,505          338,964          301,665
                                                            ---------------  ---------------  ---------------  ---------------

 Total other income                                                685,220          443,680        1,328,716          905,607
                                                            ---------------  ---------------  ---------------  ---------------

</TABLE>
<PAGE>

<TABLE>
<CAPTION>


                                                                   Three Months Ended                 Six Months Ended
                                                                        June 30,                          June 30,
                                                            --------------------------------  --------------------------------

                                                                 2003             2002             2003             2002
                                                            ---------------  ---------------  ---------------  ---------------

 OTHER EXPENSES:

<S>                                                         <C>              <C>              <C>              <C>
 Salaries                                                        1,410,796        1,193,457        2,815,535        2,377,701
 Employee benefits                                                 229,045          196,765          434,372          396,867
 Director fees                                                      43,852           41,570           86,987           82,010
 Net occupancy expense                                             193,055          192,082          388,562          375,144
 Equipment expenses                                                249,609          245,681          481,050          476,796
 FDIC assessment                                                     9,167            9,347           17,852           18,616
 Stationery and supplies                                            74,252           69,909          145,753          124,957
 Other real estate expense                                          16,147            7,618           23,705           12,889
 Amortization of deposit premium                                    26,904           26,904           53,808           53,808
 Other                                                             678,250        1,249,503        1,259,487        1,755,572
                                                            ---------------  ---------------  ---------------  ---------------

 Total other expenses                                            2,931,077        3,232,837        5,707,113        5,674,360
                                                            ---------------  ---------------  ---------------  ---------------


 INCOME BEFORE INCOME TAX EXPENSE                                1,046,622          182,967        2,131,477        1,196,558

 Income tax expense                                                379,612           24,032          677,653          279,394
                                                            ---------------  ---------------  ---------------  ---------------

 NET INCOME                                                      $ 667,010        $ 158,935       $1,453,824        $ 917,164
                                                            ===============  ===============  ===============  ===============


 EARNINGS PER SHARE DATA:

 Basic earnings per share                                           $ 0.32           $ 0.08           $ 0.69           $ 0.43
                                                            ===============  ===============  ===============  ===============
 Basic weighted shares outstanding                               2,113,087        2,109,055        2,113,087        2,109,055
                                                            ===============  ===============  ===============  ===============


 Diluted earnings per share                                         $ 0.31           $ 0.08           $ 0.69           $ 0.43
                                                            ===============  ===============  ===============  ===============
 Diluted weighted shares outstanding                             2,117,686        2,113,799        2,114,654        2,112,136
                                                            ===============  ===============  ===============  ===============


</TABLE>
<PAGE>

<TABLE>
<CAPTION>



                                                                BRITTON & KOONTZ CAPITAL CORPORATION AND SUBSIDIARIES
                                                             CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
                                                                   FOR THE SIX MONTHS ENDED JUNE 30, 2003 AND 2002




                                           Common Stock                                    Accumulated
                                      ----------------------  Additional                      Other                        Total
                                                               Paid-in       Retained     Comprehensive    Treasury    Stockholders'
                                       Shares       Amount     Capital       Earnings        Income         Stock        Equity
                                      ---------  -----------  -----------  -------------  -------------  ------------  -------------

<S>                                   <C>        <C>          <C>          <C>            <C>            <C>           <C>
 Balance at December 31, 2001         2,109,055  $ 5,308,888  $ 7,189,563  $ 15,373,489   $    676,575   $  (257,375)  $ 28,291,140

 Comprehensive Income:
     Net income                               -            -            -       917,164              -             -        917,164

     Other comprehensive
        income (net of tax):
     Net change in unrealized
        gain/(loss) on securities
        available for sale, net
        of taxes of $212,421                                                                   476,500                      476,500
 Other Comprehensive gains from
        derivates, net of
        reclassification
        adjustment of $19,634                                                                   91,604                       91,604

 Cash Dividend declared
        $.31 per share                                                         (653,807)                                   (653,807)

                                      ---------  -----------  -----------  -------------  -------------  ------------  -------------
 Balance at June 30, 2002             2,109,055  $ 5,308,888  $ 7,189,563  $ 15,636,847   $   1,244,679  $  (257,375)  $ 29,122,602
                                      =========  ===========  ===========  =============  =============  ============  =============


 Balance at December 31, 2002         2,113,087  $ 5,318,968  $ 7,225,408  $ 15,304,539   $  1,737,934   $  (257,375)  $ 29,329,474

 Comprehensive Income:
     Net income                               -            -            -     1,453,824              -             -      1,453,824

     Other comprehensive
        income (net of tax):
     Net change in unrealized
        gain/(loss) on securities
        available for sale, net
        of taxes of $128,857                                                                  (216,103)                    (216,103)
 Other Comprehensive gains from
        derivates, net of
        reclassification
        adjustment of $28,608                                                                   48,089                       48,089

 Cash Dividend declared
        $.32 per share                                                         (676,188)                                   (676,188)

                                      ---------  -----------  -----------  -------------  -------------  ------------  -------------
 Balance at June 30, 2003             2,113,087  $ 5,318,968  $ 7,225,408  $ 16,082,175   $  1,569,920   $  (257,375)  $ 29,939,095
                                      =========  ===========  ===========  =============  =============  ============  =============





</TABLE>
<PAGE>

<TABLE>
<CAPTION>


              BRITTON & KOONTZ CAPITAL CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                             PERIODS ENDED JUNE 30,


                                                                                                2003                   2002
                                                                                       ------------------     ------------------
 CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                                                    <C>                    <C>
 Net income                                                                                   $1,453,824              $ 917,164
 Adjustments to reconcile net income to net cash
 provided by (used in) operating activities:
               Deferred income taxes                                                             418,536                403,083
               Provision for loan losses                                                         270,000                328,000
               Provision for depreciation                                                        767,782                389,029
               Stock dividends received                                                          (36,900)               (41,000)
               (Gain)/loss on sale of other real estate                                            5,953                 12,192
               (Gain)/loss on sale of other repossessed assets                                        71                  5,350
               (Gain)/loss on sale of mortgage loans                                            (324,195)              (127,478)
               Amortization/(accretion) of investment security
               premiums (discounts), net                                                         228,581                (40,532)
               Amortization of valuation adjustment on acquired loans                                  -                  5,190
               Amortization of deposit premium                                                    53,808                 53,808
               Equity in investee (gains)/losses                                                       -                142,523
               Writedown of other real estate                                                          -                138,725
               Writedown of other repossessed assets                                                   -                  2,900
               (Increase)/decrease in accrued interest receivable                                (57,545)               (95,216)
               (Increase)/decrease in cash surrender value                                        12,295                (24,607)
               (Increase)/decrease in other assets                                                79,651                 54,596
               (Increase)/decrease in accrued interest payable                                   (12,080)              (383,601)
               (Increase)/decrease in accrued taxes and other liabilities                       (332,378)              (505,553)
                                                                                       ------------------     ------------------

               Net cash provided (used) by operating activities                                2,527,403              1,234,573
                                                                                       ------------------     ------------------


 CASH FLOWS FROM INVESTING ACTIVITIES
               (Increase)/decrease in federal funds sold                                       3,560,000              1,050,000
               Proceeds from sales, maturities and paydowns
               of investment securities                                                       15,656,958              7,165,902
               Purchase of FHLB stock                                                           (483,700)                     -
               Purchases of investment securities                                            (36,265,922)           (15,519,539)
               (Increase)/decrease in loans                                                  (20,733,858)             3,338,343
               Proceeds from sale and transfers of other real estate                             554,394                361,329
               Proceeds from sale and transfers of other repossessed assets                       44,157                 48,850
               Purchase of premises and equipment                                               (853,037)              (379,641)
                                                                                       ------------------     ------------------

               Net cash provided (used) by financing activities                              (38,521,008)            (3,934,756)
                                                                                       ------------------     ------------------


 CASH FLOWS FROM FINANCING ACTIVITIES
               Increase /(decrease) in customer deposits                                       4,180,185             (3,321,971)
               Increase /(decrease) in securities sold under
               repurchase agreements                                                             198,210               (913,017)
               Increase /(decrease) in FHLB advances                                          24,449,661              1,482,087
               Increase /(decrease) in advances from borrowers
               for taxes and insurance                                                          (111,616)              (110,305)
               Increase /(decrease) in Trust Preferred Securities                              5,000,000                      -
               Cash dividends paid                                                              (676,188)              (653,807)
                                                                                       ------------------     ------------------

               Net cash provided (used) by financing activities                               33,040,252             (3,517,013)
                                                                                       ------------------     ------------------

 NET INCREASE/(DECREASE) IN CASH AND DUE FROM BANKS                                           (2,953,353)            (6,217,196)
                                                                                       ------------------     ------------------

 CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD                                               11,476,874             14,559,236
                                                                                       ------------------     ------------------
 CASH AND DUE FROM BANKS AT END OF PERIOD                                                     $8,523,521             $8,342,040
                                                                                       ==================     ==================


</TABLE>
<PAGE>

<TABLE>
<CAPTION>



SCHEDULE OF NONCASH INVESTING AND
  FINANCING ACTIVITIES:
                                                                                                2003                   2002
                                                                                       ------------------     ------------------



<S>                                                                                    <C>                    <C>
               Cash paid during the year for interest                                         $3,164,083             $4,167,260
                                                                                       ==================     ==================

               Cash paid during the year for income taxes                                      $ 567,648              $ 779,896
                                                                                       ==================     ==================

               Transfers from loans foreclosed to other real estate                            $ 569,300             $1,073,096
                                                                                       ==================     ==================
               Total change in unrealized (gains) losses
                on securities available for sale                                              $ (344,960)            $ (569,520)
                                                                                       ==================     ==================

               Total change in deferred income taxes
                on securities available for sale                                              $ (128,857)            $ (212,421)
                                                                                       ==================     ==================

               Derivative gain, net of reclassification adjustment                              $ 48,089               $ 91,604
                                                                                       ==================     ==================



</TABLE>


              BRITTON & KOONTZ CAPITAL CORPORATION AND SUBSIDIARIES
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                       JUNE 30, 2003 AND DECEMBER 31, 2002

Note A.  Basis of Presentation

         The  accompanying  unaudited  consolidated  balance sheet for Britton &
Koontz  Capital  Corporation  (the  "Company") as of December 31, 2002, has been
derived from the audited  financial  statements of the Company for the year then
ended. The accompanying  consolidated  financial statements as of June 30, 2003,
are unaudited and reflect all normal recurring adjustments which, in the opinion
of management, are necessary for the fair presentation of financial position and
operating  results of the periods  presented.  Certain  2002  amounts  have been
reclassified to conform to the 2003 presentation.

Note B.  Interest Rate Risk management

         On May 9, 2002,  the Bank entered into an  off-balance  sheet  interest
rate swap agreement to convert existing prime based loans to a fixed rate. Under
the terms of the  agreement,  the Bank  receives  a fixed  rate of 7.635% and is
obligated  to pay a  floating  rate  based on  USD-Prime-H.15,  calculated  on a
contractual notional amount of $5,000,000.  The original term is for five years,
expiring May 10, 2007. The fair value of this  derivative,  designated as a cash
flow hedge,  and considered  highly effective was $474,608 at June 30, 2003, and
is reflected in other assets.

Note C.  Loans Held-for-Sale

         Loans  held-for-sale  are primarily  thirty year and fifteen year fixed
rate, one to four family real estate loans which are valued at the lower of cost
or market,  as determined by outstanding  commitments  from investors or current
investor  yield  requirements,  calculated  on an individual  basis.  Unrealized
losses on loans  held-for-sale  are  charged  against  income  in the  period of
decline.  Such  declines  are  recorded  in a  valuation  allowance  account and
deducted  from the cost  basis of the  loans.  At June 30,  2003,  no charge was
recorded. Gains on loans are recognized when realized.

Note D.  Trust Preferred Securities

         On March 26,  2003,  the Company  finalized  its  participation  in FTN
Financial  Capital Market's and Keefe,  Bruyette & Woods' pooled trust preferred
offering.  The Company  established  Britton & Koontz  Statutory Trust # 1 which
issued 5,000  capital  securities  and 155 common  securities  with an aggregate
liquidation  amount of $5 million and $155 thousand,  respectively.  The term of
the capital securities and debentures is 30 years, callable after 5 years at the
option of the Company.  The initial interest rate is 4.41%,  adjusting quarterly
at 3-Month LIBOR plus 3.15% and capped at 11.75%.


Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations

             This  discussion  is  intended  to  present  a review  of the major
factors  affecting  the  financial  condition  and results of  operations of the
Company and expand on material changes since year end.


             Financial Condition

             Assets

             The  Company's  total assets  increased  $34.3  million  (11%) from
$308.9  million at December 31, 2002,  to $343.2  million at June 30, 2003.  The
increase was due to an increase in investment  securities  (21%) due to leverage
strategies as well as growth in the loan  portfolio  (11%) due to an increase in
commercial  and  mortgage  related  loans.  Portfolio  growth  was  funded by an
increase in deposits and  borrowed  funds and the proceeds  from  security  cash
flows.

<PAGE>

             Investment Securities

             The Company's  investment  portfolio at June 30, 2003,  consists of
mortgage-backed,  municipal,  and corporate securities.  Investments  securities
that are deemed to be  held-to-maturity  are accounted for by the amortized cost
method while securities in the  available-for-sale  categories are accounted for
at fair value.

             Management  determines  the  classification  of its  securities  at
acquisition. Total held-to-maturity and available-for-sale investment securities
increased 21% to $113.7 million from December 31, 2002, to June 30, 2003. Equity
securities increased $521 thousand due primarily to the purchase of Federal Home
Loan Bank stock.  Equity  securities are comprised  primarily of Federal Reserve
Bank stock of $372  thousand,  Federal  Home Loan Bank stock of $3.3 million and
ECD Investments, LLC membership interests of $100 thousand.


             The amortized cost of the Bank's investment  securities at June 30,
2003, and December 31, 2002 are summarized in Table 1.


             TABLE 1: COMPOSITION OF INVESTMENT PORTFOLIO
<TABLE>
<CAPTION>


                                                                Amortized Cost
                                                 ----------------------------------------
                                                     06/30/03                    12/31/02
                                                 ----------------------------------------
<S>                                              <C>                         <C>
    Obligations of other U.S. Government
       Agencies and Corporations                   $ 73,140,667               $ 52,544,082
    Obligations of state and
       Political Subdivisions                        33,152,941                 33,147,883
    Privately Issued Collateralized
       Mortgage Obligations                             524,003                    720,866
    Corporate Securities                              5,054,587                  5,078,192
                                                 ==============               ============
                                                  $ 111,872,198               $ 91,491,023
                                                 ==============               ============

</TABLE>

             Loans

             The  Company's  loan  portfolio,  excluding  loans  held for  sale,
increased  $14 million to $194  million at June 30,  2003,  from $180 million at
December  31,  2002.  The loan to total assets ratio was 56.7% at June 30, 2003,
compared to 58.4% at December  31, 2002.  At June 30, 2003,  the loan to deposit
ratio was 82.0% compared to 77.4% at year-end.

             Management  anticipates  continued  loan  growth due to a favorable
interest rate environment and continued  expansion of the Company's  presence in
the Baton  Rouge,  Louisiana  and  Vicksburg,  Mississippi  markets.  Fixed rate
conforming mortgage assets with maturities greater than 12 years are sold in the
secondary  market at the time of  origination.  Table 2 presents the Bank's loan
portfolio composition at June 30, 2003, and December 31, 2002.

<PAGE>







             TABLE 2: COMPOSITION OF LOAN PORTFOLIO

                                                   06/30/03         12/31/02
                                               ---------------  ---------------

Commercial, financial & agricultural           $   35,141,000   $   34,264,000
Real estate-1-4 family 1st mortgage                75,608,000       65,625,000
Real estate-construction, development &
       other land loans                             7,297,000        7,207,000
Real estate-other mortgage related                 72,094,000       61,660,000
Installment                                        14,869,000       15,881,000
Other                                                 145,000          170,000
                                                -------------   ---------------
       Total loans                              $ 205,154,000   $  184,807,000
                                                =============   ===============

             Asset Quality

             Nonperforming  assets,  including  non-accrual  loans,  other  real
estate and loans 90 days or more  delinquent  decreased  $426  thousand  to $3.4
million  at  June  30,  2003,   from  $3.9  million  at  year-end.   The  bank's
nonperforming  loan  ratio  decreased  to .97% at June 30,  2003,  from 1.29% at
December 31, 2002. A breakdown  of  nonperforming  assets at June 30, 2003,  and
December 31, 2002, is shown in Table 3.


             TABLE 3: BREAKDOWN OF NONPERFORMING ASSETS

                                                         06/30/03      12/31/02
                                                       ----------    -----------
                                                         (dollars in thousands)
    Non-accrual loans by type
      Real estate                                       $     537     $    1,513
      Installment                                              11             16
      Commercial and all other loans                          389            537
                                                       ----------     ----------
          Total non-accrual loans                             937          2,066
      Loans past due 90 days or more                          947            253
                                                       ----------     ----------
          Total nonperforming loans                         1,884          2,319
      Other real estate owned (net)                         1,563          1,554
                                                       ----------     ----------
          Total nonperforming assets                    $   3,447      $   3,873
                                                           ======     ==========
    Nonperforming loans as a percent
      of loans, net of unearned interest
      and loans held for sale                                .97%          1.29%
                                                           ======     ==========


             Allowance for Possible Loan Losses

             The  provision  for possible loan losses is a charge to earnings to
maintain the  allowance  for  possible  loan losses at a level  consistent  with
management's  assessment of the loan  portfolio in light of current and expected


<PAGE>

economic conditions. The Company regularly reviews the allowance in an effort to
maintain it at an adequate level and the analyses are used in the computation of
the  adequacy  of the  allowance  at the end of each  quarter.  Based  upon this
evaluation,  management  believes the allowance for possible loan losses of $2.3
million at June 30, 2003,  which  represents  1.17% of gross loans less unearned
interest  and loans held for sale,  is adequate to absorb  possible  loan losses
that may be inherent in the  portfolio.  At December 31, 2002, the allowance for
possible  loan  losses was $2.1  million or 1.19% of gross loans net of unearned
interest and loans held for sale.

             Table 4 details  allowance  activity  for the six months ended June
30, 2003 and June 30, 2002:


             TABLE 4: ACTIVITY OF ALLOWANCE FOR POSSIBLE LOAN LOSSES


                                                     06/30/03         06/30/02
                                                    -----------     -----------
                                                       (dollars in thousands)

Balance at beginning of year                        $    2,129       $   2,108
    Charge-offs:
      Real Estate                                        (179)            (222)
      Commercial                                           (3)            (108)
      Installment and other                               (13)            (164)
    Recoveries:
      Real Estate                                           0               34
      Commercial                                           56                0
      Installment and other                                11               24
                                                   ----------       ----------
    Net (charge-offs)/recoveries                         (128)            (436)
      Provision charged to operations                     270              328
                                                   ----------       ----------
    Balance at end of period                        $   2,271        $   2,000
                                                   ==========       ==========
    Allowance for loan losses as a percent
      of loans, net of unearned interest
      and loans held for sale                           1.17%            1.12%
                                                   ==========       ==========
Net charge-offs as a percent of
    average loans                                        .07%             .24%
                                                   ==========       ===========


             Potential Problem Loans

             At June 30,  2003,  the  Company  had no loans,  other  than  those
  disclosed in the tables above,  that management had  significant  doubts as to
  the ability of the borrower to comply with current repayment terms.

             Deposits

             Total  deposits  increased  $4.2  million  from  $233.0  million at
December  31, 2002 to $237.2  million at June 30, 2003.  Money  market  accounts
increased $3.7 million and public funds demand deposits  increased $ 2.5 million
due to  competitive  pricing  and a $1.8  million  shift  from  certificates  of
deposit.



<PAGE>


             Borrowings

             Total Federal Home Loan Bank advances  increased $24.5 million from
$41.3  million at December  31, 2002 to $65.8  million at June 30,  2003.  These
advances  were  used  to fund a $20.7  million  increase  in  loans  along  with
leveraging  strategies  in  connection  with the  issue of $5  million  in Trust
Preferred Securities.



             Capital

             Shareholders'  equity  totaled  $29.9  million  at June  30,  2003,
compared to $29.3  million at December 31, 2002.  The increase is primarily  the
result of net income,  dividends  paid and the change in  comprehensive  income/
(loss) over the first six months totaling $1.5 million, $677 thousand and ($168)
thousand,  respectively.  Comprehensive income is the result of unrealized gains
or losses in available-for-sale securities and the recognition of the fair value
of certain derivative  instruments.  The ratio of shareholders' equity to assets
decreased to 8.7% at June 30, 2003, compared to 9.5% at December 31, 2002.

             The Company  maintained  a total  capital to risk  weighted  assets
ratio of 13.71%,  a Tier 1 capital to risk weighted assets ratio of 12.65% and a
leverage ratio of 7.98% at June 30, 2003. These levels  substantially exceed the
minimum   requirements   of  the   regulatory   agencies  for   well-capitalized
institutions of 10.00%, 6.00% and 5.00% respectively.


             Results of Operations

             Net Income

             Net income for the three  months  ended  June 30,  2003,  increased
significantly  to $667  thousand  or $0.31 per  diluted  share  compared to $159
thousand  or $0.08 per share for the same  period in 2002.  Returns  on  average
assets and average  equity were .78% and 8.83%,  for 2003,  compared to .21% and
2.18% in 2002.  The increase in net income is primarily  due to a $263  thousand
(8%)  increase  in net  interest  income,  a $241  thousand  (54%)  increase  in
non-interest income, and a $302 thousand decrease in non-interest expense.

             For the six months  ended  June 30,  2003,  net income and  diluted
earnings  per share  were $1.4  million  and  $0.69 per share  compared  to $917
thousand and $0.43 per share for the same period in 2002.

             Net Interest Income and Net Interest Margin

             Net  interest  income  (interest  income  less  interest   expense)
increased  $263  thousand or 8% to $3.4  million for the three months ended June
30, 2003,  compared to $3.2 million for the same period in 2002. The increase in
net interest income is primarily attributable to a 16% increase in the volume of
average earning assets which contributed $444 thousand to net interest income. A
lower  interest  rate  environment  contributed  a  corresponding  $181 thousand
decrease to net interest  income as the interest  rate  spread,  the  difference
between  the  percentage  yield on  earning  assets and the  percentage  cost of
interest bearing  liabilities  narrowed from 4.03% to 3.85%. Net interest margin
(net  interest  income  expressed as a  percentage  of average  earning  assets)
decreased from 4.55% to 4.25%

             For the six  months  ended  June  30,  2003,  net  interest  income
increased  $487  thousand to $6.8 million  compared to $6.3 million for the same
period in 2002 due  primarily  to a 12.4%  increase  in the  volume  of  average
earning assets. Net interest margin decreased from 4.50% to 4.32%.

             Non-Interest Income

             Non-interest  income  increased  $241 thousand to $685 thousand for
the three months ended June 30, 2003,  from $444 thousand during the same period
in 2002.  The  improvement  was due  primarily  to  increases of $15 thousand in
service  charges on deposit  accounts and $126  thousand in gains on the sale of
mortgage  loans and the  elimination of $73 thousand in equity  investee  losses
attributable  to Sumx Inc.  Contributing  to this increase were fees received by
the Company from the  origination of $34 million of mortgage loans in the second
quarter of 2003,  representing  a 167% increase from the $13 million of mortgage
loans originated during the same period in 2002.

             For the six  months  ended  June  30,  2003,  non  interest  income
increased $423 thousand from $906 thousand to $1.3 million.


<PAGE>



             Non-Interest Expense

             Non-interest  expense decreased 9% or $302 thousand to $2.9 million
for the  three-month  period ended June 30, 2003,  over the same period in 2002.
Second  quarter of 2002 included  pre-tax  charges of $134 thousand in valuation
write down of other real estate owned and $549  thousand  charge-off of all debt
and receivables from Sumx Inc. The Company holds a 37% preferred equity interest
in Sumx, an Internet banking solutions provider.

             Non-interest  expense  remained  stable at $5.7 million for the six
months ended June 30, 2003.

             Income Taxes

             The Company  recorded  income tax expense of $380  thousand for the
three months  ended June 30, 2003,  compared to $24 thousand for the same period
in 2002.

             Income tax for the six months ended June 30, 2003 was $678 thousand
compared to $279 thousand during the same period in
2002.

             Liquidity

             The  Company  utilizes  a  funds   management   process  to  assist
management in maintaining  net interest income during times of rising or falling
interest rates and in maintaining  sufficient  liquidity.  Principal  sources of
liquidity  for the  Company  are asset cash  flows,  customer  deposits  and the
ability to borrow against investment securities and loans.  Secondary sources of
liquidity include the sale of investment and loan assets.

             The Company has established liquidity contingency plan to guide the
bank in the  event of a  liquidity.  The plan  describes  the  normal  operating
environment,    prioritizes    funding    options   and   outlines    management
responsibilities and board notification procedures.

             The Company's cash and cash  equivalents  decreased $3.0 million to
$8.5 million at June 30,  2003,  from $11.5  million at December 31, 2002.  Cash
provided by operating and financing activities during the second quarter of this
year  was  $2.5  million  and  $33.0  million,  respectively,   while  investing
activities used $38.5 million. Investing activities include an increase in loans
of  $20.7  million  along  with the  purchase  of $36.3  million  of  investment
securities offset by pay downs of $15.7 million.

             The Company has unsecured  federal  funds lines with  correspondent
banks and  maintains  the ability to draw on its line of credit with the Federal
Home Loan Bank of approximately  $22 and $54 million,  respectively.  Management
believes it maintains adequate liquidity for the Company's current needs.




                 DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

This Report includes "forward-looking  statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange  Act of 1934,  as  amended.  Although  the  Company  believes  that the
expectations reflected in such forward-looking  statements are reasonable,  such
forward-looking  statements are based on numerous assumptions (some of which may
prove to be incorrect)  and are subject to risks and  uncertainties  which could
cause the actual results to differ  materially from the Company's  expectations.
Forward-looking  statements have been and will be made in written  documents and
oral  presentations  of the Company.  Such  statements are based on management's
beliefs as well as assumptions  made by and information  currently  available to
management.  When used in the  Company's  documents or oral  presentations,  the
words "anticipate", "believe", "estimate", "expect", "objective",  "projection",
"forecast",   "goal"  and   similar   expressions   are   intended  to  identify
forward-looking  statements.  In addition to any  assumptions  and other factors
referred to  specifically in connection  with such  forward-looking  statements,
factors that could cause the Company's actual results to differ  materially from
those  contemplated in any  forward-looking  statements  include,  among others,
increased competition,  regulatory factors, economic conditions, changing market
conditions,  availability or cost of capital,  employee workforce factors, costs
and other  effects  of legal and  administrative  proceedings,  and  changes  in
federal,  state or local  legislative  requirements.  The Company  undertakes no
obligation  to update or revise  any  forward-looking  statements,  whether as a
result of changes in actual  results,  changes in  assumptions  or other factors
affecting such statements.


<PAGE>


Item 3.      Controls and Procedures

             As of the end of the  period  covered by this  quarterly  report on
Form 10-QSB,  the Company  carried out an evaluation,  under the supervision and
with  the  participation  of  our  principal  executive  officer  and  principal
financial  officer,  of the  effectiveness  of the design and  operation  of our
disclosure  controls  and  procedures  as  defined  in Rule  13a-15(e)  and Rule
15d-15(e) under the Securities  Exchange Act of 1934, as amended.  Based on this
evaluation,  our principal  executive  officer and principal  financial  officer
concluded  that our  disclosure  controls and procedures are effective in timely
alerting  them to material  information  required to be included in our periodic
SEC reports.  There has been no change in the  Company's  internal  control over
financial  reporting  that  occurred  during the  Company's  most recent  fiscal
quarter that has  materially  affected,  or is  reasonably  likely to materially
affect, the Company's internal control over financial reporting.



PART II.  OTHER INFORMATION


Item 4.   Submission of Matters to a vote of Security holders.

       (a) Our Annual Meeting was held on April 29, 2003; 2003.

       (b) The following directors were re-elected by Shareholders at the Annual
           Meeting:

           For  three-year  terms  expiring  in 2006: (Class I)  A. J. Ferguson,
           W. Page Ogden,  Bethany L. Overton,  and Robert R. Punches.


        Directors whose term of office as a director continued after the meeting
        and the expiration date of their current term are: (Class II-Expiring in
        2004) W. W. Allen, Jr., Craig A. Bradford, D.M.D., and Vinod K. Thukral,
        Ph.D. (Class  III-Expiring in  2005) Bazile  R. Lanneau,  Jr., Albert W.
        Metcalfe, R. Andrew Patty II

        (c) The  following  directors  were  elected to serve  three-year  terms
        expiring  in 2006 by  Shareholders  at  the Annual  Meeting by the votes
        indicated:

                           For           Against      Abstain      Total

A. J. Ferguson           1,521,293        59,360         0       1,580,653
W. Page Ogden            1,521,293        59,360         0       1,580,653
Bethany L. Overton       1,439,069       141,584         0       1,580,653
Robert R. Punches        1,442,893       137,760         0       1,580,653



Item 6.      Exhibits and Reports on Form 8-K

(a)      Exhibits

                                  EXHIBIT INDEX

Exhibit                             Description of Exhibit

3.1 Restated Articles of Incorporation of Britton & Koontz Capital  Corporation,
incorporated by reference to Exhibit 4.1 to Registrant's  Registration Statement
on Form S-8,  Registration No.  333-20631,  filed with the Commission on January
29, 1997. *


<PAGE>


3.2 By-Laws of Britton & Koontz  Capital  Corporation,  as amended and restated,
incorporated by reference to Exhibit 3.2 to  Registrant's  Annual Report on Form
10-KSB filed with the Commission on March 30, 1998. *

4.1  Shareholder  Rights  Agreement  dated June 1, 1996 between Britton & Koontz
Capital  Corporation  and Britton & Koontz First National Bank, as Rights Agent,
incorporated by reference to Exhibit 4.3 to Registrant's  Registration Statement
on Form S-8,  Registration No.  333-20631,  filed with the Commission on January
29, 1997. *

31.1  Certifications  of the Chief Executive  Officer,  as required  pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002

31.2  Certifications  of the Chief Financial  Officer,  as required  pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002

32.1  Certifications  of the Chief Executive  Officer,  as required  pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002

32.2  Certifications  of the Chief Financial  Officer,  as required  pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002


   *  As indicated in the column entitled "Description of Exhibits" this exhibit
      is incorporated by reference to another filing or document

(b)      Reports on Form 8-K

                 On April 18, 2003,  the Company filed a current  report on Form
                 8-K, reporting that May & Company,  its certifying  accountant,
                 had notified the Company  that May & Company  would  decline to
                 stand for  re-election as the Company's  certifying  accountant
                 for the fiscal year ended December 31, 2003.

                 On April 22, 2003,  the Company filed a current  report on Form
                 8-K, reporting 1st quarter 2003 earnings.

                 On April 24, 2003, the Company filed on Form 8-K/A an amendment
                 to the current  report on Form 8-K filed on April 22, 2003, due
                 to a change  in Form 8-K  concerning  the press  release  dated
                 April 22, 2003 announcing 1st quarter 2003 earnings.

                 On May 21,  2003,  the Company  filed a current  report on Form
                 8-K, declaring a semi-annual dividend of $0.32 per share.


<PAGE>


                                   SIGNATURES



In accordance with the requirements of the Securities  Exchange Act of 1934, the
registrant  caused  this  report to be signed on its behalf by the  undersigned,
thereunto duly authorized.








                                      BRITTON & KOONTZ CAPITAL CORPORATION




Date:     August 14, 2003            /s/ W. Page Ogden
                                     ___________________________________________
                                     W. Page Ogden
                                     Chairman and Chief Executive Officer




Date:     August 14, 2003             /s/ Bazile R. Lanneau, Jr.
                                      __________________________________________
                                      Bazile R. Lanneau, Jr.
                                      Vice President and Chief Financial Officer






<PAGE>




                                  EXHIBIT 31.1

             SECTION 302 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER



<PAGE>


                                                                   EXHIBIT 31.1



                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER


         I, W. Page Ogden, certify that:



         1. I have  reviewed this  quarterly  report on Form 10-QSB of Britton &
         Koontz Capital Corporation;

         2. Based on my  knowledge,  this  report  does not  contain  any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances  under which
         such  statements  were made, not misleading  with respect to the period
         covered by this report;

         3. Based on my knowledge, the financial statements, and other financial
         information  included in this  report,  fairly  present in all material
         respects the financial condition,  results of operations and cash flows
         of the Small business  issuer as of, and for, the periods  presented in
         this report;

         4. The Small  business  issuer's  other  certifying  officers and I are
         responsible for  establishing and maintaining  disclosure  controls and
         procedures  (as defined in Exchange Act Rules  13a-15(e)  and 15d-15(e)
         for the Small business issuer and have:

         a) designed such  disclosure  controls and  procedures,  or caused such
         disclosure   controls  and   procedures   to  be  designed   under  our
         supervision,  to ensure that material information relating to the Small
         business issuer, including its consolidated subsidiaries, is made known
         to us by others within those entities,  particularly  during the period
         in which this report is being prepared;

         b)  evaluated  the   effectiveness  of  the  Small  business   issuer's
         disclosure  controls and  procedures  and  presented in this report our
         conclusions  about the  effectiveness  of the  disclosure  controls and
         procedures,  as of the end of the period covered by the report based on
         such evaluation; and

         c) disclosed in this report any change in the Small  business  issuer's
         internal  control over  financial  reporting  that occurred  during the
         Small business  issuer's most recent fiscal quarter (the Small business
         issuer's  fourth fiscal  quarter in the case of an annual  report) that
         has materially affected,  or is reasonably likely to materially affect,
         the Small business issuer's internal control over financial  reporting;
         and

         5. The Small  business  issuer's other  certifying  officers and I have
         disclosed, based on our most recent evaluation of internal control over
         financial  reporting,  to the Small business  issuer's auditors and the
         audit  committee of the Small business  issuer's board of directors (or
         persons performing the equivalent functions):

         a) all significant  deficiencies and material  weaknesses in the design
         or operation of internal  control over  financial  reporting  which are
         reasonably  likely to  adversely  affect  the Small  business  issuer's
         ability to record, process, summarize and report financial information;
         and

         b) any fraud,  whether or not  material,  that  involves  management or
         other  employees  who have a  significant  role in the  Small  business
         issuer's internal control over financial reporting.





Date: August 14, 2003                         /s/ W. Page Ogden
                                              __________________________________
                                              W. Page Ogden
                                              Chief Executive Officer



<PAGE>



                                  EXHIBIT 31.2

             SECTION 302 - CERTIFICATION OF CHIEF FINANCIAL OFFICER



                                                                   EXHIBIT 31.2



                    CERTIFICATION OF CHIEF FINANCIAL OFFICER


         I, Bazile R Lanneau, Jr., certify that:



         1. I have  reviewed this  quarterly  report on Form 10-QSB of Britton &
         Koontz Capital Corporation;

         2. Based on my  knowledge,  this  report  does not  contain  any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances  under which
         such  statements  were made, not misleading  with respect to the period
         covered by this report;

         3. Based on my knowledge, the financial statements, and other financial
         information  included in this  report,  fairly  present in all material
         respects the financial condition,  results of operations and cash flows
         of the Small business  issuer as of, and for, the periods  presented in
         this report;

         4. The Small  business  issuer's  other  certifying  officers and I are
         responsible for  establishing and maintaining  disclosure  controls and
         procedures  (as defined in Exchange Act Rules  13a-15(e)  and 15d-15(e)
         for the Small business issuer and have:

         a) designed such  disclosure  controls and  procedures,  or caused such
         disclosure   controls  and   procedures   to  be  designed   under  our
         supervision,  to ensure that material information relating to the Small
         business issuer, including its consolidated subsidiaries, is made known
         to us by others within those entities,  particularly  during the period
         in which this report is being prepared;

         b)  evaluated  the   effectiveness  of  the  Small  business   issuer's
         disclosure  controls and  procedures  and  presented in this report our
         conclusions  about the  effectiveness  of the  disclosure  controls and
         procedures,  as of the end of the period covered by the report based on
         such evaluation; and

         c) disclosed in this report any change in the Small  business  issuer's
         internal  control over  financial  reporting  that occurred  during the
         Small business  issuer's most recent fiscal quarter (the Small business
         issuer's  fourth fiscal  quarter in the case of an annual  report) that
         has materially affected,  or is reasonably likely to materially affect,
         the Small business issuer's internal control over financial  reporting;
         and

         5. The Small  business  issuer's other  certifying  officers and I have
         disclosed, based on our most recent evaluation of internal control over
         financial  reporting,  to the Small business  issuer's auditors and the
         audit  committee of the Small business  issuer's board of directors (or
         persons performing the equivalent functions):

         a) all significant  deficiencies and material  weaknesses in the design
         or operation of internal  control over  financial  reporting  which are
         reasonably  likely to  adversely  affect  the Small  business  issuer's
         ability to record, process, summarize and report financial information;
         and

         b) any fraud,  whether or not  material,  that  involves  management or
         other  employees  who have a  significant  role in the  Small  business
         issuer's internal control over financial reporting.






Date: August 14, 2003                            /s/ Bazile R. Lanneau, Jr.
                                                 _______________________________
                                                 Bazile R. Lanneau, Jr.
                                                 Chief Financial Officer



<PAGE>



                                  EXHIBIT 32.1

             SECTION 906 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER



<PAGE>
                                                                  EXHIBIT 32.1








                    Certification of Chief Executive Officer
                         Pursuant to 18 U.S.C. ss. 1350
                 (Section 906 of the Sarbanes-Oxley Act of 2002)


         In connection with the Quarterly  Report on Form 10-QSB for the quarter
ended June 30, 2003, of Britton & Koontz Capital Corporation (the "Company"), as
filed with the Securities Exchange Commission on the date hereof (the "Quarterly
Report"),  I, W. Page Ogden,  Chief Executive  Officer of the Company,  certify,
pursuant  to 18 U.S.C.  ss.  1350,  as adopted  pursuant  to Section  906 of the
Sarbanes-Oxley Act of 2002, that:


(1)      the Quarterly  Report fully complies  with the  requirements of Section
         13(a) or 15(d) of the Securities  Exchange Act of 1934, as amended; and

(2)      the  information  contained  in the  Quarterly  Report fairly presents,
         in  all  material  respects,  the  financial  condition  and results of
         operations of the Company.






Date: August 14, 2003                            /s/ W. Page Ogden
                                                 _______________________________
                                                 W. Page Ogden
                                                 Chief Executive Officer




<PAGE>



                                  EXHIBIT 32.2

             SECTION 906 - CERTIFICATION OF CHIEF FINANCIAL OFFICER



<PAGE>
                                                                  EXHIBIT 32.2







                    Certification of Chief Financial Officer
                         Pursuant to 18 U.S.C. ss. 1350
                 (Section 906 of the Sarbanes-Oxley Act of 2002)


         In connection with the Quarterly  Report on Form 10-QSB for the quarter
ended June 30, 2003, of Britton & Koontz Capital Corporation (the "Company"), as
filed with the Securities Exchange Commission on the date hereof (the "Quarterly
Report"),  I, Bazile R. Lanneau,  Jr., Chief  Financial  Officer of the Company,
certify,  pursuant to 18 U.S.C.  ss. 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002, that:


(1)      the Quarterly  Report fully complies  with the  requirements of Section
         13(a) or 15(d) of the Securities  Exchange Act of 1934, as amended; and

(2)      the  information  contained  in the  Quarterly  Report fairly presents,
         in  all  material  respects,  the  financial  condition  and results of
         operations of the Company.








Date: August 14, 2003                       /s/ Bazile R. Lanneau, Jr.
                                            ____________________________________
                                            Bazile R. Lanneau, Jr.
                                            Chief Financial Officer